Successful Real Estate Careers Start Here

Enterprise Real Estate, Inc. is looking for a few good agents!

Enterprise Real Estate, Inc. was founded in 2003 in Sacramento California

.After a dozen years as a small, closely held boutique-style real estate brokerage, Enterprise has plans to grow.

Our goal is to provide you with the flexibility that allows you to work your way  while earning the highest compensation possible.

If you're a traditionalist and you want to work independently, our compensation schedule will pay you top commissions.

If you're still learning the ropes or your work style better fits the sales team approach, then we have the team waiting for you!

No matter what your business approach, our support systems and training are avaiilable to all sales associates.

We work to generate buyer and seller leads every day, which we share.

We provide transaction coordination.

I am available by phone M-F 9-5. 

Bottom line - Whether you're looking for more independence, higher commissions, or the support to take your career to the next level, let us interview for the job as your brokers..

We are a company that prides itself on supporting each individual sales associate and their relationship with their clients.

We do this through comprehensive marketing programs and services, our top-rated website, extensive business development programs, and superior residential brokerage services.

At Enterprise, we are committed to your success and provide the support, business strategies and training that enable you to better serve your clients and to help you achieve more transactions at a higher value.

We invite you to take a closer look at an Enterprise Real Estate sales career

Top commission splits

No desk fees

Training

Transaction Support

 Email or call me today at (916) 248-1572

Here's Why You Need to Act Now

"Don't wait to buy... buy and wait"

If you follow financial news, you probably know that we're hearing that mortgage rates are going to start increasing. As in all things, timing in real estate is everything. The Fed has been keeping interest rates low for many quarters, and now they are ready to give inflation it's head (just a little, they say...).

What I know as a Realtor is that sellers suffer when interest rates go up - even a little -  because buyers who finance end up being able to buy less. Buyers suffer because they end up getting less house for their money. 

What are you waiting for? If you are thinking about buying or selling a home in Sacramento, now is the time to get going! Interest rates have never been lower and they are not going to stay that way. Don't let this July pass you by without taking action!

If you think it's a good idea to wait, take a look at the July 30-yr fixed mortgage rates since 1985 (that's when I got my first home loan).

Whether you're looking for a new home in Elk Grove, thinking of refinancing your home in Davis, or buying a Carmichael duplex to add to your retirement portfolio, now is the time to act. Call me and start designing your wealth plan today.

Don't Overlook this Inspection

When we purchased our current home in 2011, we were very careful.

For instance, even though I'm a seasoned real estate broker, I hired a colleague to be our Buyer's Agent. I was glad I did... her help and expertise were invaluable. They say that an attorney who represents themselves has a fool for a client. That's true for real estate brokers, too.

I made sure that I went over the property with a fine-tooth comb. I had a complete home inspection. The home has three independent heating and air conditioning systems, so I had each system inspected by an HVAC contractor (and, as a result, we decided to replace one unit for $8,000). I had a roof inspector "walk the lid" and issue a 3-yr roof certificate.

  Many homes need more than one type of inspection

A pool inspector came out and inspected the pool chemistry, condition of the stucco, the filter and filtration equipment, the electrical connections (including the pool light) and the electrical panel, and the natural-gas pool heater. He passed the pool with flying colors and taught me how to operate the pool systems.

  Always have a built-in pool inspected

Finally, we closed escrow and moved in on Saturday.

Sunday morning, we turned on the washing machine and all the first-floor toilets backed up all over the floor.

WE FORGOT THE SEWER INSPECTION!

The plumber who saved us - the repair ended up costing about $1000 - opened the clean out drain in the ground next to our front door and showed us all the roots that were invading the pipe and making the toilets back up.

  Buying a resale home? Get a sewer inspection

We learned the hard way... a sewer inspection would have cost me about $185 and discovered bad root problems, which I could have negotiated to have the seller remove before purchase, saving me big bucks.

I recommend that you have the sewer inspected on any resale home you purchase. 

Don't get suckered by plumber's ads offering free inspections - pay for a visual inspection of your sewer line(s) from the toilet and sink to the street (the city or county sewer main that meets your pipe at the street).

  plumber will inspect sewer with camera

Include a sewer inspection in your due diligence if you are considering purchasing a resale home. Spending a little money up front will give you peace of mind if all is OK, and you'll have the information you need to renegotiate terms of the home sale if the sewer turns out to be a problem.

Orangevale Market Update

ORANGEVALE

We've been up in the 'Vale helping several clients and customers. 

Things are really clicking up in the eastern-most part of the county.

Buyers are competing for a limited supply of houses for sale - homes are selling quickly.

Well-qualified buyers should expect to pay at or near list price to make a successful bid.

The quality of homes varies widely. Sellers who maintain their home in good condition can command top dollar.


Here's the breakdown for 3 bedroom 2 bath homes

In May, homes stayed on the market for an average of 19 days...

Prices going up about one percent a month..


Orangevale Sales in June 2015 ( 3 bedroom 2 bath)

CLICK HERE to see what's FOR SALE in Orangevale RIGHT NOW

Sacramento Makes Hottest Market List

It's not just the temperatures that are sizzling around here this summer... Sacramento is one of the hottest real estate markets in the U.S.

Home sales are heating up just about everywhere in the country - demand is at pre-recession levels - mostly because buyers realize interest rates are going to rise and because buyers want to get in on the appreciation party as affordability becomes a real life issue for anyone that has to make payments.

Here are the 20 hottest residential sales markets in the U.S.

 

(source: Realtor.com)

The Sacramento metro area currently ranks as the 11th hottest market in the U.S, based on days on market and current inventory.

Sacramento moved up to 11th place from 12th place over the last three weeks.

A close look at the table reveals that thirteen of the top 20 markets, including Sacramento, continue to heat up.

Also note that six out of 20 of the hottest markets in the country are within a three-hour drive of Sacramento.

Does that give you a clue where prices are going? 

Will Home Prices in Sacramento Keep Rising?

Single family home prices in Sacramento have been going up since about mid-2012. Prices over the last 12 months have followed the same path, although fluctuating somewhat in the rate of increase.

Figure 1 shows an increase in average Sacramento home prices of about 8-10% over the last year. Prices are increasing beyond pre-recession levels and they continue to go up. The average home appreciation in the U.S.over the same period was about 5%.

Figure 1.

One of the factors that has pushed prices higher in Sacramento is that buyers continue to be willing to pay retail prices in order to find nice homes. Figure 2 shows that over the last year, sale prices are about 98% of listing prices, which suggests that buyers don't expect much of a discount from sellers. If this was a buyer's market, we would expect to see buyers demanding (and receiving)  a five to eight percent discount. A hot seller's market would see multiple offers and above-list price offers.

Figure 2.

Figure 3 highlights another condition creating rising prices in the Sacramento area. The number of months it would take - given the current sales activity - that it would take to sell all the homes for sale in Sacramento is under two months, and that time period has actually reduced from last year. Residential real estate markets are usually considered to be price-stable when inventories are in the 5 to 6 month range.

Homes are selling quickly in the Sacramento market. Even though prices have been rising for twelve quarters, the willingness of buyers to pay list price, lack of inventory and the resulting low number of days that homes remain on the market will continue to drive prices up in the Sacramento residential real estate market.

Should You Buy Now or Should You Wait?

The Federal Reserve  told us all last week that interest rates are going to rise, but it will be a slow climb.

Should be smooth sailing, right?

Cheap money we can count on for the time being, so there's no hurry to think about the future, right?

Not so fast! 

Interest rates bottomed out about a year and a half ago, and they've been going up since. So,
the rise in rates is not something we need to plan for... it's here...

Check out this chart:

If you have to make payments, it doesn't take much of an interest rate hike to make that house you dream of buying much more expensive - an increase of just 1.5% (like from 3.3% to 4.8%) can make that $300,000 dream home actually cost you about $100,000 more in interest!

The upshot is that a higher interest rates usually means you will be forced to make a higher payment or you will have to buy less house.

Ask yourself:

Are homes in Sacramento going to be less expensive or more expensive in five years? 

Can we expect interest rates to stay low?

Find the house you love and buy it now while prices and interest rates are reasonable.